Wave Power Technology Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	413.77	411.45	437.19	362.19	280.38
Revenue Growth (YoY)	0.56%	-5.89%	20.71%	29.18%	-
Cost of Revenue	227.01	210.14	207.16	174.4	147.84
Gross Profit	186.76	201.3	230.03	187.79	132.54
Selling, General & Admin	49.19	56.17	46.57	39.44	34.29
Research & Development	42.97	45.03	41.65	36.55	17.67
Operating Expenses	92.17	101.16	88.24	76	51.98
Operating Income	94.59	100.14	141.79	111.79	80.56
Interest Expense	-0.59	-0.41	-0.16	-0.07	-0.88
Interest & Investment Income	6.38	2.47	0.47	0.18	0.09
Earnings From Equity Investments	3.26	-	-	-	-
Currency Exchange Gain (Loss)	1.85	0.02	0.53	0.46	0.27
Other Non Operating Income (Expenses)	0.22	2.95	0.02	-	-0.05
EBT Excluding Unusual Items	105.71	105.17	142.64	112.35	79.99
Other Unusual Items	-	0.04	-	0	-
Pretax Income	105.71	105.21	142.64	112.36	79.99
Income Tax Expense	18.9	18.44	28.88	21.98	16.45
Net Income	86.81	86.77	113.76	90.38	63.55
Net Income to Common	86.81	86.77	113.76	90.38	63.55
Net Income Growth	0.04%	-23.73%	25.87%	42.22%	-
Shares Outstanding (Basic)	34	32	31	31	22
Shares Outstanding (Diluted)	34	32	31	32	22
Shares Change (YoY)	6.03%	3.21%	-1.17%	43.05%	-
EPS (Basic)	2.55	2.70	3.67	2.92	2.94
EPS (Diluted)	2.54	2.69	3.64	2.86	2.88
EPS Growth	-5.58%	-26.10%	27.27%	-0.69%	-
Free Cash Flow	1.66	140.47	2.65	44.68	59.66
Free Cash Flow Per Share	0.05	4.36	0.09	1.41	2.70
Dividend Per Share	2.300	2.200	3.450	2.500	1.800
Dividend Growth	4.54%	-36.23%	38.00%	38.89%	-
Gross Margin	45.14%	48.93%	52.62%	51.85%	47.27%
Operating Margin	22.86%	24.34%	32.43%	30.86%	28.73%
Profit Margin	20.98%	21.09%	26.02%	24.95%	22.66%
Free Cash Flow Margin	0.40%	34.14%	0.61%	12.34%	21.28%
EBITDA	113.64	118.1	158.09	128.92	94.23
EBITDA Margin	27.46%	28.70%	36.16%	35.59%	33.61%
D&A For EBITDA	19.04	17.96	16.3	17.13	13.67
EBIT	94.59	100.14	141.79	111.79	80.56
EBIT Margin	22.86%	24.34%	32.43%	30.86%	28.73%
Effective Tax Rate	17.88%	17.53%	20.24%	19.56%	20.56%
Advertising Expenses	-	-	-	6.17	5.22

Source: S&P Global Market Intelligence. Standard template. Financial Sources.